Ovintiv (OVV) Tax Rate (2018 - 2026)
Ovintiv (OVV) posted quarterly Tax Rate of 15.4% for Q2 2026, down 766.0% year-on-year from 2.31% in Q2 2025, and down 35.36% on a QoQ basis from 23.82% in Q1 2026.
Ovintiv (OVV) Tax Rate (2018 - 2026) Analysis & Trends
Ovintiv (OVV) has reported Tax Rate for 9 consecutive years, with 15.4% the latest figure, recorded in Q2 2026.
- Quarterly Tax Rate fell 766.0% year-over-year to 15.4% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 89.32% (down 11119.0% YoY) and the FY2025 annual result came in at 38.85%, down 5558.0% from the prior year.
- Tax Rate slipped to 15.4% in Q2 2026 per OVV's latest filing, from 23.82% in the prior quarter.
- Over the last five years, Tax Rate for OVV reached as high as 40.59% in Q4 2024 and fell as low as 70.26% in Q4 2025.
- A 5-year average of 9.09% and a median of 18.16% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate surged 13436 bps — and 2025, when it plunged 11085 bps.
- Year by year, Tax Rate stood at 20.27% in 2022, then jumped by 198 bps to 19.78% in 2023, then surged by 105 bps to 40.59% in 2024, then sank by 273 bps to 70.26% in 2025, then jumped by 122 bps to 15.4% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 15.4%, 23.82%, and 70.26% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 35.09% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 22.50% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 18.18% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 57.82% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 39.49% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 23.18% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 22.15% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | -671.43% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 22.16% |
| 10 | Ovintiv | 16.84 Bn | 15.96 Bn | 2.83 Bn | 15.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 15.40% |
| Jun 30, 2026 | 15.40% |
| Jun 30, 2026 | 15.40% |
| Mar 31, 2026 | 23.82% |
| Mar 31, 2026 | 23.82% |
| Mar 31, 2026 | 23.82% |
| Dec 31, 2025 | -70.26% |
| Dec 31, 2025 | -70.26% |
| Dec 31, 2025 | -70.26% |
| Sep 30, 2025 | 22.92% |
| Sep 30, 2025 | 22.92% |
| Sep 30, 2025 | 22.92% |
| Jun 30, 2025 | 23.06% |
| Jun 30, 2025 | 23.06% |
| Jun 30, 2025 | 23.06% |
| Mar 31, 2025 | -22.28% |
| Mar 31, 2025 | -22.28% |
| Mar 31, 2025 | -22.28% |
| Dec 31, 2024 | 40.59% |
| Dec 31, 2024 | 40.59% |